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GENEVA -- Singapore and Hong Kong are the world's most competitive economies, an annual survey said Friday, demoting the United States from the top spot for the first time since 1993.
The study lists 58 economies according to 328 criteria that measure how the nations create and maintain conditions favorable to businesses -- a formula that had favored the U.S. for 16 years.
"They are so close in the rankings, that it would be probably better to define them as a leading trio," said Stephane Garelli, professor at the Lausanne, Switzerland-based IMD business school, publisher of the World
Originally posted by soultorent
Since this economic crisis started under Obama. Get a grip on reality.